Tag: First Home Buyer
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The Fed on inflation: 3 possible scenarios for mortgage rates
By Jeff Ostrowski | Bankrate.com As mortgage rates surge and everyone awaits the Federal Reserve’s next move, market watchers are fixated on the … The Fed on inflation: 3 possible scenarios for mortgage rates
Vince Liuzzi
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Keys to Home Ownership – Welcome Home Grant Program
Important Information for Homebuyers! Welcome Home Program The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) offers grants of up to $7,500 for honorably discharged veterans and active duty military homebuyers and up to $5,000 for all other homebuyers to assist with down payment and closing costs for income eligible homebuyers through the Welcome Home […]
Vince Liuzzi
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New Year changes to mortgage rules under Dodd Frank
In early January 2014, a change will be made to allowable debt to income for qualified mortgages under Dodd-Frank. “Home loan seekers need to know that the allowable debt-to-income (DTI) ratio for a qualified mortgage under Dodd-Frank come January will be 43 percent,” Grace Keister of First Team Real Estate in Irvine, CA. This change […]